Office Leasing Trends

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APAC Office Demand Up 15.9% in 2024

APAC Office Demand Soars by 15.9% in 2024, Led by India, Australia, and Japan The demand for office space across Asia Pacific’s top markets surged by 15.9% year-on-year, reaching an impressive 8.8 million square meters in 2024, according to the latest report from Colliers. The Asia Pacific Office Market Insights H2 2024 and Outlook 2025 highlighted key factors such as corporate expansion, the return-to-office trend, and the rise of global capability centres as key drivers behind this growth. Leading the charge in office space demand were India, Australia, and Japan, with these markets showing strong growth and resilience in the

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APAC Cities Among Top 10 for Prime Office Costs

APAC Cities Secure Spots in Global Top 10 for Prime Office Costs in Q4 2024 Three major cities in the Asia-Pacific region have secured their positions among the world’s top 10 most expensive prime office locations in the fourth quarter of 2024, according to Savills’ latest Prime Office Costs report. The cities ranked second, fifth, and sixth globally, highlighting the continued demand for premium office space in the region. Global Prime Office Market Trends The report reveals a 0.3% increase in prime office rents and a 0.2% rise in fit-out costs in Q4 2024. Average net effective costs showed a

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